How Do I Carry Out an Audit?

Answer

Audit is carried out by auditors. It is carried out in four stages Identification of the need for change in an organization and then setting criteria and standards for the needed change, collecting data on performance of the change and finally gauging performance against criteria and standards and producing an audit report.
3 Additional Answers
To carry out an audit, first identify the need for change, and then identify three areas of practice work, which are structure, process and outcome. Then, set the criteria and standard; this is where you say what should be happening. The next thing is to collect data on performance and then assess the performance against criteria and standards.
Auditing is an interesting engagement that requires attentiveness of mind and concise application of defined Auditing Standards and producers. As a first step in Audit a thorough study of the existing company procedures and policies will be performed and Audit team will be created to Audit each functional department of the organization. Checklists will be created listing the check points that needs to be tackled in the Audit. The main purpose of the Audit is to ensure that the organization is following all defined process and procedures.
An audit is an assessment of information for an organization, project, individual, or entity. A financial audit is the most common one. It is conducted by getting the financial records of an organization and comparing it with bank statements and receipts.
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